The global ceramic matrix composites (CMC) market is projected to expand with a rapid growth in the near future owing to the dynamic properties of CMC. The CMC material has equipped with superior wear and corrosion resistance coupled with higher strength retention at a high temperature which has generated the demand in sectors including automotive, aerospace and defense and so on. With the constant hike in fuel prices and demand for energy has generated the requirement for lightweight components such as CMC to improve fuel efficiency. The US Environment Protection Agency (EPA) along with other environment protection agency has outlined the standards to reduce the vehicle emissions as to improve fuel efficiency.
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An aerospace segment of the CMC market will likely witness robust development over the forecast period accrediting to lightweight, high-temperature stability, dynamic load resistance that are crucial for the manufacturing of aircraft components such as nozzles, blade, combustor liners, shrouds and so on. Superior abrasion resistance properties along with the low cost are expected to fuel the demand for aerospace segment under the CMC market. In high-pressure and low-pressure engine zones which are used for the manufacturing of the passenger segment aircraft use CMC over nickel alloy due to the better durability and performance.
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Geographically, North America held the largest share in the market due to the significant presence of major aircraft manufacturers, such as the Boeing Co. and Lockheed Martin Corp. in the region. However, Asia-Pacific is anticipated to witness optimistic growth in the market. Chinese engineers have shifted their focus towards CMC to ramjets, telemetry systems and parts of turbine engines, which in turn, would result in the remarkable growth of the market.
Some crucial players operating in the market include General Electric Co., Rolls-Royce PLC, SGL Carbon SE, Safran S.A., CeramTec GmbH, and Composite Horizons, LLC. GE Scientists have been working on CMC as these are tough as metals and can operate at 2,400 degrees Fahrenheit—500 degrees higher than the most advanced alloys. Such combination supports engineers to design lightweight components for engines. The researchers at GE has started using CMC by replacing rotating metal components that would enable designers to decrease the size of the engine’s main shaft and cut engine weight further.
Global Ceramic Matrix Composites (CMC) Market- Segmentation
By Product Type
- Silicon Carbide Reinforced Silicon Carbide (SiC/SiC)
- Oxides/Oxides
- Carbon/Carbon
- Others (SIC/C)
By Application
- Automotive
- Aerospace and Defense
- Energy and Power
- Electrical and Electronics
Global Ceramic Matrix Composites (CMC) Market- Regions
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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